Bullish Harami Cross is a bullish reversal pattern. It appears in a downtrend. In this pattern, a long black candle appears, followed by a doji. This pattern is considered to be more significant than Bullish Harami Pattern.
In this pattern, on first day, a long black candle appears in a downtrend. Next day, it is followed by a doji, which is completely engulfed by the previous large black candle. Strategy: Next day confirmation (though not required) in the form of white candle, large gap up or a higher close confirms the bottom and can be used to initiate long positions or liquidate short positions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
